It's Wednesday, August 28th, and this is Markets Daily hosted by me, Jensenassi. On this show,

we navigate the currents shaping the crypto markets, providing insights against the broader

financial landscape. So whether you're actively trading or simply fascinated by the volatility

that is the crypto markets, this show is your compass to understanding what's happened,

where we are, and where we're going.

Good morning, everyone. Happy Wednesday.

Today we are talking about a potential comeback that has everyone talking.

And unfortunately for me, it is not the comeback of Britney Spears.

It is the return of Defy Summer.

According to a recent report by Steno Research,

decentralized finance could be on the verge of a resurgence. But what does this mean for investors?

On this show, we are going to break it down. The report suggests that while the total value locked

in the crypto ecosystem is still below its 2021 peak, we could see it climb to new all-time highs

as soon as the first half of next year.

Now, this is a bold prediction, so let's take a look at what's behind it.

The report highlights that Defi's resurgence is closely tied to interest rates,

especially those in the United States.

Now, you might be wondering

why U.S. interest rates isn't DFI supposed to be decentralized? Isn't it supposed to be

borderless? Well, the report says that the DFI market is predominantly U.S. dollar-centric.

This means that when U.S. interest rates are high, traditional finance becomes more attractive

because of higher yields on

...